Question

Which of the following statements is correct?

Industrial capitalism is characterized by pools, trusts, holding companies and an interpenetration of banking, insurance, and industrial interests
Mercantile capitalism emerged in the United States in the period directly following the Civil War
In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle
Financial capitalism is associated with large scale industrial expansion

Answer 1

In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle

Step-by-step explanation:

Nations that adhere to capitalism on the premise of social welfare are characterized by state regulation aimed at protecting the population and ensuring a healthy standard of living. This is especially relevant because it protects citizens from economic instability. Typically, countries where social welfare works, many jobs are public, and the state has several social programs. Examples are Sweden, Norway and Denmark.